Paninistickers

Like any other business, pump 250m in and try to get 500m back in the next 5-7 years It's a business plan, that's all. Just on a bigger scale

I'm not trying to overdramatise, but I think the @Foxes Trust Reform needs to start preparing a contingency. It's hellava lot of skillsets required to start to pitch a 200m investment into something you don't even own or might not be available - but at least a clarion call needs to go out to any city fans or those in the business of football whose job it is to secure PE. I'm wondering if the first approach should be to sound out Tigers with a view to a Red Bull style sporting club

The future is entirely with KP, not the Khunt himself.. He needs a loan - or this mysterious share issue - for 100m to see us through the next two seasons. The club simply has run out of money. If KP loan (and I don't think they have the capacity anymore) then life will carry on.. If they don't, I suspect he still won't let go, players will not get paid and the club will close down. Leaving an entirely new club needing to be formed - as you say probably funded by PE - and the extremely difficult process of then trying to negotiate with KP for access to the stadium. I'd imagine any newly formed club entity will happily let seagrave go.

Treat this with caution as I used ai to check the land registry... It seems seagrave is divvied up into sub plot parcels, owned by multiple KP subsidiaries.. As terraloon says, it's on the club accounts but I'd be highly surprised if the club owns it. Maybe they own one of the 'plots' just to pass it off as club owned.

No. And yes.

Well, you poo pooed the reports of a 70m loss about an hour before it was released and then your posts suggest it's all ok, as 70m is still PSR compliant.. The real point is PSR is the least of our problems. We are months away from going out of existence..

It's a struggle to see where the revenue comes from if we stay up. The club has run out of money. And for the first time ever, they've more or less admitted it.. Never mind! Strictly will still be on and at least we'll best the traffic

Around 200 care enough to protest. Ok, there's always the silent majority. Especially in a meek, weak, beta, apologetic city/county such as Leicester.. But 200? From say, around 55000 supporters

Best post on thread

Correct. You don't make a billion pounds from flogging toblerones and Gordon's gin at an airport sold in baht Vichai gambled and leveraged his business to the absolute max and more.

Howling with laughter too at the whole situation this time last year. We're talking close to the level of tears rolling down cheeks and convulsions, so funny he finds it all

What an odd take

They did, past tense, inject cash. But the large financial doping stopped around 2020 KP /likely picked up the tab for running at a loss for a while after and as you say, eventually converted those debts to equity. As for seagrave,.it doesn't add up. KP had stopped investing in the club at that point, desperately needed Macquirie to inject cash into the bank accounts for every PL season secured and every transfer. Yet they spunked 100m of readies on seagrave? Someone/something paid for seagrave but I can't believe it was KP. Plus, this notion that the land of seagrave has been divided then parcelled up into multiple ownerships at the land registry. The real owners are hiding in amongst all that abracadabra.

I always felt that they - Whelan - listened, but seemed to revel in it. The impression was the club enjoyed rejecting the feedback as they felt, that feedback was from the type of supporter Whelan despised and the type of supporter they preferred,. fully supported the ticketing sh1tshow

Same mentality of those too frightened to leave a job they hate, then at 65 get a carriage clock and a card signed half heartedly by 8 colleagues and an HR nobody on behalf of the directors.

Yet I clearly and absolutely remember many fans and many on this board continually slagging Madders and Youri off. Barnes was often groaned at in the ground. And full disclosure and for balance, I admit to being fed up with KDH at that time, who I thought was second rate.

I'll gladly be wrong on this, but if we are talking about Macquirie, it isn't a secured loan on the usual sense. I've banged on and in about this, so apologise to those who've read this point before. The EPL are contractually due to pay us money - this June just past and next June.. As it is contractually due and pretty much certain we'll get it, the club has in essence sold those payments to Macquirie In return Macquirie have given us the money in advance The security comes from Macquirie insisting that, should the EFL fold and not pay them, City need to pay them back instead. Meaning the only chance Macquirie come with daggers is if the EFL goes bankrupt - almost impossible. Which all means, this coming June, when we should have been getting 45m from the EPL, we instead get nothing. Macquirie gets it. Which means, I think we are well and truly fcked unless KP start financing the club again - something they haven't done for a good 8 years.

Most be like herding kittens for Davies tho, chasing the Khunt around Bangkok to sign off on the accounts he'd prepped months prior. With all his busy schedule tik tokking, polo playing and screaming with laughter at relegations, he's a hard guy to pin down

My original take on Whelan leaving was to avoid potential personal liability and criminal charges. Reinforced when this patsy from Thailand was brought in That idea has take a tumble tho since the new appointment of the chief accountant as CEO - unless of course he's not actually on the board of directors. If that were to be the case, can CEOs face personal criminal charges for trading whilst insolvent?

What an interesting post. I'd add that there's a multiplier with Leicester. We are a very introverted City and County. This surely exaggerates / reinforces the conformist character traits you mention Leicester people seem to thrive off stoicism. That soothing self insurance of predicting bad weather around the corner. I think for many, they consider to protest against KP is an admission of weakness.

Probably a coincidence right? They couldn't have conceived the idea, instructed architects and contractors on the basis Ed Woodward was going to ring up and offer a word record fee. Something doesn't stack up with the whole thing. As I mentioned above, my best guess is KP buying an asset on behalf of some spurious, nefarious fund

The mind boggles. Stephy was dreadful today but BdcR? What on earth did he do to warrant you wishing him back in the team? He's a disgrace edit; Did you see his attempt at a routine trapping of the ball that he missed completely and went out of play? The three times he was bundled off the ball with ease? The time he caught the ball and gave away a free kick? His usual little flick round the corner which just about worked and found a colleague, immediately given back to him and he panicked a d was bundled off the ball?

Interesting. I look at all this through business eyes, as opposed to the forensic accounting eyes of an FD. I have no doubts that the ownership structure is a deliberate spiders web. However, I'm pretty sure the owners at the land registry is K Power Holdings. I'd assume a similar subsidiary owns seagrave. City itself will be a third subsidiary of KP group. I'll have a quick look at companies house. The financing of seagrave has always baffled me. The club were living hand to mouth on Macquirie advances (suggesting cashflow issues) yet managed to magic up 100m? Pure guesswork, but there's got to be a chance KP invested 100m on behalf of someone else. A fence. Seagrave a front for something/someone else. It doesn't make any sense whatsoever that KP invested that. I'm pretty sure they claimed to have converted all the debt. So, if we still owe them 250m, presumably they managed to somehow double count the same original loans. Maybe as a way of insuraning themselves against the very situation we now find ourselves in. Whatever the accuracy of my guess work, there's little doubt KP have a intentionally difficult structure to unpick EDIT; according to good ol' chatgpt, seagrave land is broken into plots are owned by multiple companies all under the beneficial owner - ie the family. But defo not owned by City.

This is one of the ironies of our potential administration. To my knowledge, we don't owe much - if any - money.. The debts to KP were wiped out in a debt to equity swap.. Any finance on the stadium is under KP, not us. It's owned by KP, not us. Seagrave is a bit of a mystery as to who owns it and how it was financed. Macquirie have advanced us our parachute money - meaning the EPL pay them this summer, not us. The only reason Macquirie have a charge on us is a belt and braces insurance against the EPL not paying them (like 99.9999% improbable) . And if that were the case, we'd have to pay Macquirie back. So technically, we are in debt but in reality, not.

I'm not Belgian and although this narrative above is the acceptable wisdom, nobody really knows. I certainly don't. Your perception of arrogance can easily be confidence. Waving arms after a goal can easily be frustration. As for the attitude, I've never seen any evidence at all. I honestly think most of the opprobrium that comes his way is down to his hair. And yes, I'm being serious. Leicester people have never liked flamboyance or fancy dans.